shamgar331

shamgar331

DJI has completed the minimum 5th wave travel but the 5th wave may still have more to go before completing. I'd not be surprised to see it touch $37129 before a larger correction but I'm neutral at this point waiting for more data/time. $37129 is the 100% extension from the Mar 2020 low until the Sept 3 high to Oct 29 Low of 2020, so if this has more room to the...

shamgar331

If we don't see a sharp move in the next day or so this pattern/price target isn't correct. I'm looking for a WXYXZ to form. We already have WXY - just waiting for the the last X to drive prices to $16400-ish then wave Z to complete wave 1 down, this will set up for wave 2 up, followed by(sadly) the decline of the decade in wave 3. Wave 2 must complete and wave 3...

shamgar331

Just pointing out an interesting observation of the important price highs and lows and the sense of humor among market makers. All highs and or lows are exact dollar amount without cents. 19666.00 or "666" that was the high of 2017 69000.00 or "69" this is the high this year (2021) - and don't think BTC is going higher that 69k this year. Not happening. And a few...

shamgar331

DXY just completed ABCDE pattern for the ending 4th wave. As with and ending diag, after E completes we have an impulsive 1st wave. I wouldn't be surprised if we retest 96.56 (blue ray) before continuing. EURUSD and other USD pairs are not gonna have such a nice thanksgiving. Happy Thanksgiving Traders!

shamgar331

If this wave count is correct, Wave (v) should bring price up to $97.11. Connecting wave (ii) and (iv) and cloning a parallel line (blue) to Wave (iii) we get the termination point for Wave (v) - or if it hits the top of the blue line, that may also be the termination point. Wave (iv) is still seems to be in progress but I think it's going to be more complex since...

shamgar331

Im seeing 3 zig-zags forming a triangle to complete minor wave #4 correction. If true, we should see a strong and impulsive move to the upside. From the size of the triangle ( about $10) we should see in the next several weeks hitting $96 minimum. $96 lines us up at a pivot from Sept 2014. Remember, it should be impulsive heading up and not willy-nilly or...

shamgar331

Corrective wave 4 (A-B-C zigzag) has fulfilled its down movement with over 100% fib extension; just touching 1.18 fib. We have ended with a nice doji which is a buy signal. Looking left we have consolidation inside the blue box, I'd not be surprised if price enters in here. Look for a bullish pattern before jumping in or buy and keep stops tight. We don't want...

shamgar331

Looking at zigzag correction in the next several days toward $35585, which will be the 100% extension from the A-B-C corrective pattern. Look for a strong bullish push at this level; as this is the characteristic of the zigzag toward $36353

shamgar331

Looks like we are still in a lower degree wave 3 advance. I was totally wrong last prediction calling a decline at $16153. Although we closed at 100% fib advance at $16153, it blew right through it the next day. This is a strong bullish signal. Looks like we're starting a wave (iv) and it should be more complex than wave (ii) which wasn't much of a correction. But...

shamgar331

watch for a bearish reaction at the .786 fib at $15968, if its strong, and we get a +3% sharp decline expect more of a decline - maybe even the beginning of the 20% decline everyone is talking about, if its a weak reaction, buy the dips toward the 100% advance off the 3rd minor wave at $16153; If we get here, again look for a strong bearish reaction...it may...

shamgar331

Oil is hitting the 1.618 fib extension from the first impulsive wave, watch for a considerable pullback down to about $80(1.414 fib)...IF we get it. I'd look for pullbacks to get in to buy. Oil will probably go to $95 by Dec 20; the top of the blue channel. Bottom Blue channel connecting wave 2 to 4 gives us a measurement. Extending that line/angle from wave 3 to...

shamgar331

Dark green arrow shows we just finished wave 4 - ABC zigzag correction and are heading to a 1.618 reverse fib(wave 3 to wave 4) advance to a high of $16514. If the trend follows the channel and fib levels, it seems to converge around Nov 3, 2021 alternatively, light green , if we see a decline below wave C at $14400 a double zigzag is forming and a new low at...

shamgar331

Just sharing the major trendline based on the price labels. Then cloning that channel and stacking on top as price broke through. If it breaks the main channel downward, I'll clone that one and place under the channel with the price points.

shamgar331 Updated 

At the current angle and trend, which SPX has been maintaining at least since 2018, we should see $4116( Fib 89) near the beginning of May

shamgar331

Showing how to create a channel and duplicating it to find areas of future support and resistance. Look for 2 obvious long wicked candles; connect them via a channel, resize the channel to see how it might fit in with previous support/resistance, clone it and stack them(either on top or bottom). I find its more accurate than a pitchfork. Channeling or drawing...

shamgar331

Furtures M2K just hit the 100% extension and slope resistance in the Asian session too... Watch out; May want to play the pull back

shamgar331

BTCUSD continues to remarkably bounce on Fibonacci levels from the start since 2012. The chart says it all.

shamgar331

BABA on the weekly looks like a Elliot ZigZag, The speed of the decline favors a zigzag correction pattern. If Wave C = A, 166 is its landing price. 166 also has a nice support area.